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users imported most cargo from the USA electrification of our operations, required to contract for e-Fuel plant in
(about 82%). In the natural gas year 2020 reduce carbon output.
the majority of the LNG was imported from Secondly, NEO is aligned with the UK’s net Norway
Norway (about 70%), as well as in 2019 (86% zero by 2050 target and is proactively working
from Norway). with partners, regulators, and industry bodies Aker Solutions has signed a contract with
Currently, Klaipeda LNG terminal is to play its part in achieving this goal. In line Nordic Blue Crude (NBC) for front-end
implementing an annual capacity allocation with The OGA Strategy, a key aspect of NEO’s engineering and design (FEED) of a new
procedure, during which terminal users plan approach will be to maximise economic e-Fuel facility at Herøya in Porsgrunn,
cargo and book capacities for the new gas recovery from its assets, bringing down the Norway. The e-Fuel plant is planned to
year, which begins on October 1, 2021. carbon impact per barrel of production. produce CO2-neutral fuel by using green
By the start of the new gas year, 13 more In addition to proactively reducing NEO’s hydrogen and furnace gas from an existing
LNG carriers are expected at the LNG carbon footprint the business will continue factory.
terminal, with the ‘LNG Fukurokuju’ included to invest in projects and research that will The FEED work starts immediately and
in this number. contribute to a low carbon future. NEO is planned to be completed in the third
KLAIPEDOS NAFTA, May 04, 2021 currently funds research by the Centre for quarter of 2021. It will involve about 50
Doctoral Training (CDT) and PhD students employees from Aker Solutions, primarily
in Geoscience and the Low Carbon Energy at the company’s headquarters in Fornebu,
ENERGY TRANSITION Transition, the UK’s leading training and Norway. Based on the FEED results, NBC
research body for the energy industry with a aims to sanction start of detailed engineering,
Low Carbon Transition Plan focus on decarbonisation. procurement, construction and installation
Russ Alton, CEO of NEO Energy, said:
(EPCI) within the second half of 2021.
to reduce emissions “Through creative thinking, innovation, NBC on this concept for more than two
“Aker Solutions has been working with
agility and adaptability we will be a positive
NEO Energy is pleased to publish its Low agent for change in how the UK oil and gas years. The FEED contract brings the project
Carbon Transition Plan (LCTP) setting out industry contributes to the energy transition. a big step forward towards realisation. The
an ambitious strategy to reduce its carbon Our Low Carbon Transition Plan focuses project also supports our strategy to grow
emissions. on how we will reduce carbon emissions today the company’s business related to renewables
NEO recognises that climate change is one and put net zero at the heart of our future and low-carbon oil and gas projects. Based
of the world’s greatest challenges and that it growth strategy, without compromising value on delivery of solid front-end engineering, we
demands thoughtful and urgent action. NEO creation or the role we play in employing and aim to be in a good position for future work,”
Energy has therefore outlined a set of clear investing in people and the communities in said Kenneth Simonsen, interim executive
ambitions to reduce its carbon emissions. which they live.” vice president and head of Aker Solutions’
Firstly, NEO will seek to reduce the carbon NEO ENERGY, May 05, 2021 renewables business.
intensity per barrel of oil equivalent produced AKER SOLUTIONS, April 29, 2021
by NEO’s portfolio by 50 per cent by 2030. To Aker Solutions wins FEED
achieve this, NEO will invest in technology
and systems, such as the full or partial

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